Cement News tagged under: Siam Cement

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Siam Cement reports 57% rise in profit for 3Q20

29 October 2020, Published under Cement News

Thailand’s Siam Cement saw a 57 per cent YoY rise in consolidated net profit to THB9.74bn (US$311.6m) for the third quarter of 2020, with the result attributed to an 80 per cent increase in chemicals profit and increased efficiencies from its cement segment. However, consolidated revenue declined nine per cent YoY to THB100.94bn due to a fall in chemicals selling prices. For the first nine months of 2020, profit rose five per cent YoY to THB26.10bn on the back of an improved contributi...

Siam Cement sees 32% decline in profit for the 4Q19

29 January 2020, Published under Cement News

Thailand’s Siam Cement has seen a 32 per cent YoY decrease in profit to THB7.1bn (US$230.3m) for the October-December 2019 period. Overall revenue fell nine per cent YoY to THB106.18bn. Revenue from its cement and building material segment was down one per cent at THB45.14bn, due to lower sales in markets outside of southeast Asia, according to the company. Elsewhere, revenue from its chemicals business fell 23 per cent to THB41.35bn. For the full-year 2019, Siam Cement saw a 28 per ce...

Siam Cement reports 35% fall in net profit

07 November 2019, Published under Cement News

Thailand’s Siam Cement has reported a 35 per cent fall in net profit to THB6.20bn (US$205m) for the 3Q19. However, revenue rose eight per cent YoY to THB110.33bn. Revenue from its chemicals business decreased 24 per cent YoY to THB44.05bn, while revenue from its cement and building material segment was down two per cent to THB45.32bn. The company attributed the results to the lower contribution from its chemical business and weaker demand for its products amid the US-China trade war.

Growing pains: southeast Asia's looming overcapacity

29 April 2016, Published under Cement News

Positioned between the two most populous nations on Earth, the emerging economies of southeast Asia have ridden the wave of economic growth in the early years of the century. Between 2000 and 2014 the 10 ASEAN countries saw their collective real GDP grow at 5.7 per cent annually and look set to continue this trend over the next five years. Cement demand has kept up with this brisk pace of expansion and – according to figures from Morgan Stanley – will continue to do so, growing at 5.2 per ce...

Fitch affirms Siam Cement at 'A(tha)', Outlook Stable

10 February 2016, Published under Cement News

Fitch Ratings (Thailand) Ltd has affirmed The Siam Cement Public Co Ltd's (SCC) National Long-Term Rating at 'A(tha)', National Short-Term Rating at 'F1(tha)' and its senior unsecured debentures at 'A(tha)' with a 'Stable' outlook. Fitch notes that SCC's strong operating cash flow led to an improvement in credit metrics in 2015. EBITDA increased to above THB70bn (US$1.98bn) which saw FFO (Funds From Operations) net-adjusted leverage reduce to 2.5x. "Whilst this is below the positive rating ...

Thailand: Siam Cement raises net profit

30 July 2015, Published under Cement News

Siam Cement PCL, Thailand's largest industrial conglomerate, beat market expectations with a 63 per cent rise in quarterly net profit, boosted by better petrochemical margins and a pick-up in domestic cement demand. Domestic cement demand should grow by five to six per cent in the second half after a two per cent rise in the second quarter, as demand from government projects and commercial sectors recover, chief executive, Kan Trakulhoon,  said. "This is the first time since the second qua...

Upbeat outlook for Siam Cement PLC

25 February 2015, Published under Cement News

Kasikorn Securities (Thailand) has reinitiated coverage of Thai conglomerate Siam Cement PLC with an 'Outperform' rating due to renewed optimism in domestic cement consumption and further improvement in its chemical business' profitability. The research house says the Thai cement industry is expected to resume its organic growth at about 6-7 per cent in 2015. “We believe that the industry has already passed the bottom with the government’s planned investment in major infrastructure projec...

SCG chief anticipates 5% rise in 2015 demand

30 October 2014, Published under Cement News

Cement demand in Thailand is expected to increase by at least five per cent next year stimulated by an acceleration of government infrastructure development, according to the chief of the country’s leading cement producer. Kan Trakulhoon, CEO of Siam Cement Group (SCG), believes that the Thai economy has bottomed out since August and is recovering gradually. He said the company expects cement demand to recover significantly from the second half of next year, thank chiefly to government pro...

Siam Cement 3Q net profit down 20% YoY

29 October 2014, Published under Cement News

Siam Cement said on Wednesday its third-quarter net profit dropped 20 per cent YoY due to weak demand for construction materials. Thailand’s largest industrial conglomerate posted July-September net profit of THB7.85bn (US$241.7m). This compared with THB9.79bn a year earlier when the company booked a gain of THB1.5bn. Analysts at Krungsri Securities expect the slowdown to continue through the final three months of the year stating: "The declining trend will likely continue into the fourth ...

Siam Cement announces tech investment plan

23 October 2014, Published under Cement News

Siam Cement Group (SCG) has announced it plans to spend THB200–250bn (US$6.1-7.7bn) for a new five-year investment budget for the 2015-2019 period although president and CEO, Kan Trakulhoon said the final sum was expected to surpass the current five-year budget. In the new budget period, the company intends to become a technology-driven firm and is eying investment in a European tech company. The company we're talking with at the moment is a technology company in Europe. We're looking out...